Evidence receipt / evaluation
Published · transcript-backedBen Gilbert: evaluation
3 Dec 2021 Acquired Not Boring (with Packy McCormick)
“There may even be one founder committing fraud that you've invested in, and it kind of doesn't matter.”
Source trail
Everything needed to verify it.
- Speaker
- Ben Gilbert
- Attribution
- Verified speaker
- Claim type
- evaluation
- Recorded
- 3 Dec 2021
- Publisher
- Acquired
Transcript context
…But venture capital is never about the mistakes. The only thing that matters in venture capital are the ones you get right. That's kind of the point, right? There may even be one founder committing fraud that you've invested in, and it kind of doesn't matter. To the best of my knowledge, none of my founders are committing fraud and they're all amazing, but you hope that doesn't happen. I don't want to leave room for people to commit fraud, for me to just look the other way, make a quick decision, and be like, I don't really care. But I'm putting trust in the overall ecosystem and system that other people are doing their jobs, which again, could totally blow up in my face or not. But that's just a trade-off.…
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